El Periódico

Type
Internal restructuring
Country
Spain
Region
Este; Cataluña; Barcelona
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers
170 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2018
Employment effect (start)
Foreseen end date

Description

The management of the newspaper El Períodico, edited by the group Zeta, has announced a restructuring plan aiming to cut human resources costs by 45%. This will entail an employment adjustment in the newspaper similar to those applied in other companies of the group such as the sport newspaper 'Sport' or the magazines 'Tiempo' e 'Interviú'. According to the newspaper El Español, the measure will affect 170 workers and most of the dismissals (100) will affect staff from editorial department. The company has not provided yet definitive figures of workers affected but has announced that it is considering alternative measures to dismissals such as voluntary departures.

Sources

  • 22 January 2018: El Español

Citation

Eurofound (2018), El Periódico, Internal restructuring in Spain, factsheet number 93190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93190.